Focusrite (LON:TUNE) Share Price Passes Above 50 Day Moving Average of $372.34

Focusrite plc (LON:TUNE) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 372.34 ($4.60) and traded as high as GBX 375 ($4.63). Focusrite shares last traded at GBX 367.50 ($4.54), with a volume of 78,642 shares trading hands.

Focusrite Stock Performance

The company’s fifty day simple moving average is GBX 372.34 and its two-hundred day simple moving average is GBX 454.58. The company has a market capitalization of £194.87 million, a price-to-earnings ratio of 1,225.00, a price-to-earnings-growth ratio of 2.95 and a beta of 1.10. The company has a debt-to-equity ratio of 29.80, a quick ratio of 0.77 and a current ratio of 1.57.

Focusrite Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 9th will be paid a GBX 2.10 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a yield of 0.57%. Focusrite’s dividend payout ratio (DPR) is 2,333.33%.

Insider Buying and Selling at Focusrite

In other news, insider Timothy Paul Carrol bought 3,386 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was bought at an average price of GBX 295 ($3.64) per share, for a total transaction of £9,988.70 ($12,337.82). In other Focusrite news, insider Timothy Paul Carrol purchased 3,386 shares of Focusrite stock in a transaction dated Thursday, March 21st. The shares were bought at an average cost of GBX 295 ($3.64) per share, for a total transaction of £9,988.70 ($12,337.82). Also, insider Sally McKone acquired 6,900 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were acquired at an average cost of GBX 292 ($3.61) per share, with a total value of £20,148 ($24,886.36). 37.01% of the stock is currently owned by insiders.

Focusrite Company Profile

Focusrite plc develops and markets hardware and software products primarily for audio professionals and amateur musicians in North America, Europe, the Middle East, Africa, and internationally. It operates through Focusrite, Novation, ADAM Audio, Martin Audio, Sonnox, and Sequential segments. The company provides audio interface and other products for musicians under the Focusrite and Focusrite Pro brands; and products that are used in the creation of electronic music using synthesizers, grooveboxes, keyboard and pad controllers, MIDI controllers, and software and apps under the Novation and Ampify brands.